HealthEquity, Inc. (NASDAQ:HQY) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in shares of HealthEquity, Inc. (NASDAQ:HQY) by 4.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,075 shares of the company’s stock after acquiring an additional 4,370 shares during the period. HighTower Advisors LLC’s holdings in HealthEquity were worth $9,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HQY. Wealthfront Advisers LLC purchased a new position in HealthEquity in the 4th quarter valued at about $10,304,089,000. Wasatch Advisors LP lifted its stake in HealthEquity by 6.6% in the 3rd quarter. Wasatch Advisors LP now owns 7,758,890 shares of the company’s stock valued at $635,065,000 after buying an additional 483,269 shares in the last quarter. Raymond James Financial Inc. purchased a new position in HealthEquity in the 4th quarter valued at about $45,728,000. Geneva Capital Management LLC lifted its stake in HealthEquity by 24.6% in the 4th quarter. Geneva Capital Management LLC now owns 1,048,903 shares of the company’s stock valued at $100,642,000 after buying an additional 206,894 shares in the last quarter. Finally, Barclays PLC lifted its stake in HealthEquity by 209.3% in the 3rd quarter. Barclays PLC now owns 166,492 shares of the company’s stock worth $13,628,000 after purchasing an additional 112,667 shares in the last quarter. 99.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HealthEquity

In related news, Director Robert W. Selander sold 5,750 shares of HealthEquity stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $111.29, for a total value of $639,917.50. Following the completion of the sale, the director now owns 78,219 shares in the company, valued at approximately $8,704,992.51. This trade represents a 6.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by insiders.

HealthEquity Stock Up 3.4 %

HealthEquity stock opened at $100.72 on Tuesday. HealthEquity, Inc. has a fifty-two week low of $65.01 and a fifty-two week high of $115.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.20 and a current ratio of 3.20. The firm has a 50 day moving average price of $105.76 and a 200 day moving average price of $95.51. The company has a market capitalization of $8.73 billion, a PE ratio of 92.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.62.

Analyst Ratings Changes

A number of research firms have weighed in on HQY. Royal Bank of Canada raised their target price on shares of HealthEquity from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities raised their target price on shares of HealthEquity from $105.00 to $107.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of HealthEquity from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Mizuho began coverage on shares of HealthEquity in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $126.00 target price on the stock. Finally, Raymond James raised their target price on shares of HealthEquity from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.92.

HealthEquity Company Profile

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.